“Cash is King” until October

Thursday failed to bring much relief, as SPX, DJIA and NASDAQ all closed at the lowest prices in more than a month.   US 10-year Treasury yields barely missed hitting new highs for the year, while Gold sold off to the lowest levels in more than two years.   Crude oil and Cryptocurrencies look to be rolling over as well and likely trade down into early October.   Overall, this remains the most difficult seasonal time of the year, and not much, if anyth...

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